Common use of Ineligible Expenditures Clause in Contracts

Ineligible Expenditures. Unless a cost is considered an Eligible Expenditure pursuant to section D 2.0, such cost will be considered an Ineligible Expenditure. Without limiting the generality of the foregoing, the following costs are Ineligible Expenditures and are therefore ineligible to be paid from the Funds provided under this Agreement: i. Municipal staffing and administration costs; ii. Legal costs incurred by the Recipient; iii. Rolling stock (e.g., trucks, graders, etc.); iv. Movable/transitory assets (e.g., portable generators, etc.); v. Office and IT equipment and supplies (e.g. computers, servers, furniture, etc.); vi. Costs of developing and completing any application or reporting for a provincial funding program, including any Reports required under the Program; vii. All taxes, penalties, and duties; viii. Financing and/or borrowing costs; ix. Insurance costs; x. Non-cash items such as depreciation/amortization expenses for tangible capital and intangible assets, provisions for bad/doubtful accounts, etc. The following represents the schedule of payments of Funds for each Program Year: For each Program Year Payment #1 70% Within 30 Business Days of the Province’s approval of the Investment Plan for that Program Year Payment #2 30% Within 30 Business Days of the Province’s approval of the Year End Report for that Program Year Investment Plan In accordance with Schedule “G” Year End Report In accordance with Schedule “G” The reporting period is set out in Schedule “G”. Except as noted below, if the due date of any Report falls on a non-Business Day, the due date is deemed to be the next Business Day. All reports are to be submitted through Transfer Payment Ontario (TPON) unless the Province notifies the Recipient otherwise. 1. The Investment Plan shall be substantially in the form set out in Schedule “G”. The Investment Plan shall include the required information as set out in Schedule “C” and Schedule “G”. 2. The Year End Report shall be substantially in the form set out in Schedule “G”. The Year End Report shall include the required information as set out in Schedule “G”.